Recent South Florida Deals

APH Corp. of San Francisco obtained a $3.85 million mortgage from Biscyane Bank for an office building in Miami Beach.
Address: 333 W. 41st St., Miami Beach
Property type: 62,696-square-foot office building completed in 1996 on 0.4 of an acre
Loan value: $3.85 million
Lender: Biscayne Bank
Borrower: APH Corp., Bart Seidler, president

Warehouse built in 1990 sells for $2.35 million
Address: 4000 N. Powerline Road, Deerfield Beach
Property type: 12,959-square-foot warehouse built in 1990 on 2.58 acres
Price: $2.35 million, or $181.34 per square foot
Seller: M.D. Moody & Sons Inc., Emil Albertini, chief financial officer
Buyers: Patrick Montanaro and Josephine Montanaro

Lauderdale warehouse secured for $1.6 million
Address: 3233 SW Second Ave., Fort Lauderdale
Property type: 20,766-square-foot warehouse built in 1967 on 0.51 of an acre
Price: $1.6 million, or $77.05 per square foot
Seller: Mace Security Products Inc., Robert Kramer, executive vice president
Buyer: ML Vintage LLC, Moshe Levy, managing member
Financing: Bank of Florida-Southeast, $1.12 million
Past sale: $1.5 million in April 2004

Lincoln Road condo acquired for $500,000
Address: 605 Lincoln Road, Miami Beach
Property type: 985-square-foot commercial condominium built in 1932
Price: $500,000, or $507.61 per square foot
Seller: Reality Realty Group L.C., Victor Lerner, managing member
Buyer: Soni Real Estate LLC, Ino Halegua, managing member
Past sale: $492,575 in August 2005

Warehouse property purchased for $470,000
Address: 1710 Corporate Drive, Boynton Beach
Property type: 3,140-square-foot warehouse built in 2005 on 0.06 of an acre
Price: $470,000, or $149.68 per square foot
Seller: D & S Property Development LLC, Sharon Lev-Har, managing member
Buyer: 1710 Corporate Drive LLC, Sudha Doshi, managing member
Past sale: $307,546 in February 2005

Miami Gardens building dealt for $400,000
Address: 17101 NW Second Court, Miami Gardens
Property type: 3,486-square-foot industrial building completed in 1966 on 0.42 of an acre
Price: $400,000, or $114.75 per square foot
Seller: Elroy Lewis
Buyer: Surya Investments Inc., Mukesh Rampersad, president
Past sale: $180,000 in 1996

Delray Beach offices bring $5.4 million
Address: 1177 George Bush Blvd., Delray Beach
Property type: 27,528-square-foot office building completed in 1963 on 1.4 acres
Loan value: $5.4 million
Lender: Commercial Real Estate Lenders Inc.
Borrower: HHH Bush Building LLC, Harry Hahamovitch, managing member

City of Plantation buys 3.66-acre parcel
Address: 8010 W. Broward Blvd., Plantation
Property type: 3.66-acre commercial parcel
Price: $2.7 million, or $16.95 per square foot
Seller: Cambridge Place Holdings LLC, Scott Brenner, president
Buyer: City of Plantation, Rae Armstrong, mayor

Sagamore Hotel faces $31.5 million foreclosure
A securities firm filed a foreclosure action against the owner of the Sagamore Hotel in Miami Beach. The firm seeks $31.5 million
Address: 1671 Collins Ave., Miami Beach
Property type: 93-room hotel built in 1948 on 0.99 of an acre
Property owner: Sagamore Partners Ltd., Marty Taplin, owner
Lender: JPMCC 2006 LDP7 Miami Beach
Foreclosure amount: $31.5 million
Original loan value: $31.5 million in March 2006

2 office condos fetch $800,000 in Lauderdale
Address: 2925 NW 62nd St., Fort Lauderdale
Property type: Two office condominiums built in 2004 totaling 10,984 square feet
Price: $800,000, or $72.83 per square foot
Seller: BGF Ventures LLC, Lloyd Basso, managing member
Buyer: Serendib Investments LLC, Sivananthan Sritharan, managing member

Retail building traded on East Commercial
Address: 251 E. Commercial Blvd., Lauderdale by the Sea
Property type: 4,072-square-foot retail building completed in 1972 on 0.37 of an acre
Price: $550,000, or $135.07 per square foot
Seller: First Church Of Christ Scientist Lauderdale By The Sea Florida Inc., Frank Klein, chairman
Buyer: Panda By The Sea LLC, Todd Pusateri, managing member
Past sale: $41,400 in 1964

Pompano warehouse sold for $270,000
Address: 2761 NW 19th St., Pompano Beach
Property type: 2,912-square-foot warehouse built in 2005 on 0.06 of an acre
Price: $270,000, or $92.72 per square foot
Seller: Blue Bird Homes Inc., Robert Goldberg, president
Buyer: Jose Perez-Paret
Past sale: $343,000 in November 2004

$5.65 million loan given for restaurant
C.A. Muer Corp. of Oklahoma City obtained a mortgage from Deutsche Bank Trust Company Americas for Charley’s Crab, a restaurant it owns in Fort Lauderdale.
Address: 3000 NE 32nd Ave., Fort Lauderdale
Property type: 8,832-square-foot restaurant built in 1972 on 0.38 of an acre
Loan value: $5.65 million
Lender: Deutsche Bank Trust Company Americas
Borrower: C.A. Muer Corp., Rick Liem, vice president

2 commercial condos sell for $2.11 million
Address: 333 Las Olas Way, Fort Lauderdale
Property type: Two commercial condominiums totaling 8,840 square feet
Price: $2.11 million, or $239.16 per square foot
Seller: One Las Olas Ltd., Mardy Kammerman, executive vice president
Buyer: Heartwood 21 LLC,

Alan Levan, manager
$900,000 buys retail building in West Palm
Address: 1037 Old Okeechobee Road, West Palm Beach
Property type: 8,300-square-foot retail building completed in 1955 on 0.27 of an acre and a 0.29-acre industrial parcel
Price: $900,000, or $108.43 per square foot
Seller: CB Real Estate Partners LLC, Cosmo Di Schino, manager
Buyer: RPI Carriage Works LLC, Richard Jones, managing member

Fort Lauderdale building fetches $750,000
Address: 843 N. Fort Lauderdale Beach Blvd., Fort Lauderdale
Property type: 2,307-square-foot retail building completed in 1975 on 0.07 of an acre
Price: $750,000, or $325.10 per square foot
Seller: C & C Lycouris Properties Inc., Stephen Lycouris, president
Buyer: 845 North Atlantic Boulevard LLC, Monty Lalwani, manager
Past sale: $89,800 in 1976

Commercial condo bought in Wellington
Address: 3319 U.S. Highway 441, Wellington
Property type: 1,870-square-foot commercial condominium built in 2007 on 1-acre
Price: $537,997, or $287.70 per square foot
Seller: Palomino Partners I LLLP, Raymond Graziotto, president
Buyer: International Real Estate Acquisitions LLC, Rajiv Patel, manager

North Palm office condo purchased for $400,000
Address: 631 U.S. Highway 1, North Palm Beach
Property type: 2,139-square-foot office condominium built in 1985
Price: $400,000, or $187 per square foot
Seller: Stream Asset Holdings LLC, Roy Warren, senior vice president
Buyer: Smyth & Hauck Properties LLC, Paul Smyth, managing member

Sam Zell Interview

Sam Zell interview

Another iStar-backed Sapir Organization project is getting a shot in the arm from Los Angeles-based CIM Group

Another iStar-backed Sapir Organization project is getting a shot in the arm from Los Angeles-based CIM Group. According to the Post, CIM has purchased the $60 million face-value loan on 209 unsold condominiums at the Financial District’s William Beaver House for an undisclosed price. It’s unclear whether iStar will maintain a stake in the project, designed by Andre Balazs at 15 William Street. Last week, CIM helped Sapir and partner Bayrock Group pay down iStar’s debt on their Trump Soho condominium-hotel.

http://www.nypost.com/p/news/business/beaver_house_bailed_out_NvW4P9WwsxddQB1gEEBSMN#ixzz185nu8pIo

Brazilian Hotel Investment

Brazilian Hotel info.

The hotel has 50 rooms and has been approved for 70 more rooms. Approximately 5,000m2 is builded. Total area of 54,000m2.
There is a convention center capable for up to 500 people.

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The asking price is R$40,000.000.00 (Forty Million Reais)

1470-1474 Deer Park Avenue / $1,850,000
North Babylon, NY 11703

Building Type: Development/Conversion
RE Taxes : $45,000
Zoning : Business E
Units : 5 Sq. Ft. : 7,500
Location : North Babylon, Sufflolk County
Lot Sq. Ft. : 29,370

Located on the northwest corner of Deer Park Avenue and Prairie Drive, property consists of a four store retail strip and gas/service station on a 29,370 SF lot. Location ideal for retail development….

537-545 Greenwich Street / For Lease
SoHo, New York, NY 10013

Building Type: Commercial
Sq. Ft. : 100,000 Lot Sq. Ft. : 10,000
Lot Size : 100′ x 100′
Location : Between Charlton and Vandam Streets
Stories : 6

This property is a 100′ wide 6 story fireproof warehouse building with a gross square footage of approx. 57,500 SF. We are offering up to 45,000 SF of warehouse storage space for lease. Other tenants…

123-11 Rockaway Beach Blvd. / $3,000,000
The Rockaways, Rockaway Park, NY 11694

Building Type: Apartment
RE Taxes : $94,214 Residential Units : 28
Stories : 6
Sq. Ft. : 20,494
Lot Size : 100′ x 100′
Lot Sq. Ft. : 10,000

Back on Market & Price Reduced. A Beautiful 6-story 20,494 SF Newly Renovated Elevatored Condo Building with 28 Units located 1 block from Rockaway Beach. The property consist of (1) Studio, (21) …

252-54 Tenth Avenue / $5,600,000
Chelsea, New York, NY 10011

Building Type: Mixed-Use Investment
Residential Units : 6
Lot Sq. Ft. : 2765
Sq. Ft. : 7584
Location : East side of Tenth Ave. between 24th & 25th Streets
Commercial Units : 2
Two, four-story, mixed use properties located in the heart of West Chelsea. The properties can be delivered mostly vacant with additional air rights. West Chelsea has become one of the most highly so…

74 Grand Street / Submit Offers
SoHo, New York, NY 10013

Building Type: Development/Conversion
Location : North side of Grand Street between Wooster and Greene Streets
Lot Size : 25′ x 100′
Zoning : M1-5B

A prime SoHo development site for a commercial or live-work property. At Landmark’s request, the five story facade, from the previous building, has been preserved for a future project. The sellers ma…

915-919 Second Avenue – Medical Condo / $4,500,000
Midtown East, New York, NY 10022

Building Type: Commercial
RE Taxes : $19,101 (421a in place)
Sq. Ft. : 2,433 (above grade), 1,000 (below grade)

Location : SW Corner of East 49th Street and Second Ave.
NOI : 274,066
Cap Rate : 6.1%

Occupied by Medrite Care under a new long term lease. Lease is a 15 year term, 3% escalations every year. Tenant has one 5-year option to renew at market levels. Located in the Alexander Condominium…

5 Tilrose Avenue / $625,000
Oceanside, NY 11572

Building Type: Apartment
Units : 4
Sq. Ft. : 2,904
Lot Sq. Ft. : 7,853
Location : Oceanside
RE Taxes : $24,072
NOI : $41,148

A 2,904 SF two story multi family apartment building with 4 units. The property is located just West of Long Beach Rd. on the South side of Tilrose Ave. in the center of Oceanside. 100% occupied- 1 yr…

2162 Grand Ave. / $895,000
Baldwin, NY 11510

Building Type: Commercial
Location : On the West side of Grand Ave. 1 block North of Sunrise Highway
Lot Sq. Ft. : 13,320
Lot Size : 60′ X 222′
Sq. Ft. : 4,183
Stories : 1
RE Taxes : $29,459.92

A one-story free standing Baking Facility on the West side of Grand Avenue in Baldwin, NY. The property consists of a 4,183 SF retail space. The building sits on a 13,320 SF lot which includes front a…

135 West 3rd Street / $3,500,000
Greenwich Village, New York, NY 10014

Building Type: Commercial
Location : Between MaCdougal and Sixth Avenue
Sq. Ft. : 2250
Commercial Units : 1
Cap Rate : 6.14%

This restaurant condominium is leased to the Village Trattoria for a monthly rent of $20,500/mo. plus 100% of the tax increases over 09/10. The lease extends to 2024 and includes 3% annual increases. …

915-919 Second Avenue – Lower Level Condo / $790,000
Midtown East, New York, NY 10022

Building Type: Commercial
RE Taxes : $7,015 (421a in place)
Sq. Ft. : 2,600
Location : SW Corner of East 49th Street and Second Ave.

This lower level commercial condominium unit is located in The Alexander Condominium at East 49th Street and Second Avenue. The condo benefits from high ceilings and has 2,600 SF. …

2300 Cropsey Avenue / Please Submit Offers
Bensonhurst, Brooklyn, NY 11214